Hester India to acquire 50 percent stake in Thrishool Exim for Rs 16 crore
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New Delhi: Hester India has recently announced that the company has entered into an agreement to acquire 50% stake in Thrishool Exim Limited, Tanzania, to increase its distribution footprint in Tanzania and in the African continent.
The proposed collaboration, along with the additional range of animal vaccines from Hester Africa, it will over-all synergise Hester's distribution thrust in Tanzania as well as in Africa. The consideration for the proposed acquisition is USD 2.25 million. The proposed transaction is subject to receipt of Tanzanian regulatory approvals.
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